Every material Form 8-K Extreme Networks has filed with the SEC since January 08, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Extreme Networks reported first-quarter fiscal 2027 revenue of $341.1 million, up 10% from a year earlier, and GAAP net income of $16.0 million, or $0.12 per diluted share, versus $0.04 a year earlier. The company guided fiscal second-quarter revenue to $345.8 million to $350.8 million and full-year fiscal 2027 revenue to $1,402.3 million to $1,412.3 million, and it repurchased $25.0 million of stock during the quarter.
Revenue $341.1 million, up 10%; SaaS ARR $264.7 million, up 22% year over year
GAAP diluted EPS $0.12 versus $0.04; non-GAAP diluted EPS $0.33, up 50%
Q2 fiscal 2027 guidance: revenue $345.8 million to $350.8 million; non-GAAP EPS $0.32 to $0.34
Full-year fiscal 2027 guidance: revenue $1,402.3 million to $1,412.3 million; non-GAAP EPS $1.35 to $1.39
Extreme Networks reported fourth-quarter and fiscal 2026 results for the year ended June 30, 2026, with fiscal 2026 revenue up 12.6% to $1.28 billion and fourth-quarter GAAP diluted EPS of $0.13 versus a loss of $0.06 a year earlier. The company also gave fiscal 2027 targets of $1.38 billion to $1.40 billion in revenue and non-GAAP EPS of $1.28 to $1.33, compared with non-GAAP EPS of $1.06 in fiscal 2026, and disclosed a $500.0 million revolving credit facility entered July 29, 2026.
Q4 fiscal 2026 revenue of $338.6 million, up 10.3% year-over-year; fiscal 2026 GAAP diluted EPS of $0.31 versus a loss of $0.06 in fiscal 2025
Fiscal 2027 revenue target of $1.38 billion to $1.40 billion and non-GAAP EPS target of $1.28 to $1.33
First-quarter fiscal 2027 revenue target of $334.0 million to $339.0 million
Q4 share repurchases of $25.0 million; ending cash of $211.8 million and net cash of $46.8 million at June 30, 2026
Extreme Networks signed a new $500 million, five-year revolving credit agreement with JPMorgan Chase Bank as administrative agent, and used a borrowing under it to repay its existing Bank of Montreal credit agreement. As of the closing date, $200 million was drawn and $300 million remained available. The filing describes a routine refinancing that adds debt and covenant obligations, with no early termination penalties reported.
New $500 million revolving facility matures July 29, 2031, with $200 million outstanding at closing and $300 million available.
Existing credit agreement with Bank of Montreal, dated June 22, 2023, was terminated and fully repaid, with liens released.
Facility is secured by substantially all assets and requires a consolidated total net leverage ratio of no more than 3.75 to 1.00 and interest charge coverage of at least 3.00 to 1.00, starting with the quarter ending September 30, 2026.
Extreme Networks reported fiscal third-quarter 2026 results for the quarter ended March 31, 2026, with revenue up 11% year over year and GAAP diluted EPS of $0.08, up from $0.03. The company also gave fourth-quarter and full-year fiscal 2026 revenue targets of $330.0 million to $335.0 million and $1,275.0 million to $1,280.0 million, respectively, and reported $50.0 million in share repurchases during the quarter.
Q3 fiscal 2026 revenue was $316.9 million, up from $284.5 million a year earlier; SaaS ARR rose 28.6% year over year to $236.4 million.
GAAP diluted EPS was $0.08 versus $0.03 a year earlier; non-GAAP diluted EPS was $0.26 versus $0.21.
Fourth-quarter fiscal 2026 GAAP EPS target is $0.12 to $0.15 on revenue of $330.0 million to $335.0 million.
The company repurchased $50.0 million of stock in the quarter and ended Q3 with $210.1 million in cash and $11.3 million in net cash.
Extreme Networks reported fiscal second-quarter revenue of $317.9 million, up 14% from a year earlier, and GAAP diluted EPS of $0.06, unchanged from last year. The CFO said the company is raising its fiscal 2026 revenue outlook, which now targets $1,262.0 million to $1,270.0 million, while GAAP operating margin fell to 4.1% from 4.5%.
Q2 revenue $317.9 million, up from $279.4 million a year earlier
GAAP diluted EPS $0.06 versus $0.06 last year; non-GAAP diluted EPS $0.26 versus $0.21
FY26 revenue target raised to $1,262.0 million to $1,270.0 million; FQ3 revenue target $309.1 million to $314.1 million
GAAP operating margin 4.1% versus 4.5% last year; ending cash $219.8 million
Extreme Networks added Ron Pasek as a director effective immediately, appointed on January 5, 2026. He receives the standard non-employee director pay, including a pro rata share of the $110,000 annual retainer and an RSU award for 11,075 shares. For shareholders, this is a routine board addition that does not change financial results.
Ron Pasek appointed to the Board of Directors on January 5, 2026, effective immediately
Pro rata share of the $110,000 annual director retainer, plus possible committee fees
RSU award for 11,075 shares, vesting on the earlier of the next annual meeting or November 12, 2026
Company entered its standard director indemnification agreement with Mr. Pasek
Extreme Networks reported first-quarter fiscal 2026 results for the quarter ended September 30, 2025, with revenue of $310.2 million, up 15.2% from a year earlier, and GAAP diluted EPS of $0.04 compared with a loss of $0.08 a year earlier. It also set second-quarter revenue guidance of $309.0 million to $315.0 million and full-year fiscal 2026 revenue guidance of $1,247.0 million to $1,264.0 million, but operating cash flow was negative $14.0 million in the quarter.
Q1 revenue $310.2 million, up 15.2% year-over-year from $269.2 million
GAAP diluted EPS $0.04 vs. a loss of $0.08 a year earlier; non-GAAP diluted EPS $0.22 vs. $0.17
Q2 fiscal 2026 revenue guidance $309.0 million to $315.0 million; GAAP EPS guidance $0.03 to $0.06
Operating cash flow negative $14.0 million and free cash flow deficit of $20.9 million; cash $209.0 million at September 30, 2025
Extreme Networks reported fourth-quarter fiscal 2025 revenue of $307.0 million, up 19.6% year over year, and a GAAP diluted loss of $0.06 per share versus $0.42 a year earlier. The company also guided first-quarter fiscal 2026 revenue to $292.0 million to $300.0 million and full-year fiscal 2026 revenue to $1,228.0 million to $1,238.0 million, compared with $1,140.1 million in fiscal 2025.
Q4 revenue $307.0 million, up 19.6% year over year; GAAP diluted loss per share $0.06 versus $0.42 a year earlier
Non-GAAP diluted EPS $0.25 in Q4 versus a non-GAAP loss of $0.08 a year earlier
Q4 ending cash balance $231.7 million; net cash $51.7 million
FQ1'26 revenue guidance $292.0 million to $300.0 million; FY'26 revenue guidance $1,228.0 million to $1,238.0 million
Extreme Networks reported fiscal third-quarter 2025 results for the quarter ended March 31, 2025, with revenue of $284.5 million, up 34.8% from a year earlier and up 1.8% from the prior quarter. GAAP net income was $3.5 million, or $0.03 per diluted share, compared with a loss of $0.50 per share a year earlier, though the GAAP operating margin of 3.6% was below 4.5% in the prior quarter. The company guided fourth-quarter fiscal 2025 revenue to $295.0 million to $305.0 million, and its CFO said this supports year-over-year revenue growth for the full fiscal year.
Q3 revenue $284.5 million, up 34.8% year over year from $211.0 million and up 1.8% from the prior quarter.
GAAP diluted EPS $0.03 versus a loss of $0.50 a year earlier; non-GAAP diluted EPS $0.21 versus a loss of $0.19.
Q4 fiscal 2025 guidance: total net revenue $295.0 million to $305.0 million; GAAP EPS $0.02 to $0.07.
Free cash flow was $24.2 million in the quarter, and the company repurchased $13 million of shares.
Extreme Networks reported fiscal second-quarter 2025 results for the quarter ended December 31, 2024. Revenue fell 5.7% year-over-year, while GAAP diluted EPS rose to $0.06 from $0.03 and non-GAAP diluted EPS declined to $0.21 from $0.24. The company also issued revenue targets for the third quarter and full fiscal 2025, which set the near-term outlook for shareholders.
Q2 fiscal 2025 total net revenue was $279.4 million, down from $296.4 million a year earlier and up 3.8% quarter-over-quarter.
GAAP diluted EPS was $0.06 versus $0.03 a year earlier; non-GAAP diluted EPS was $0.21 versus $0.24.
Q3 fiscal 2025 (ending March 31, 2025) guidance: total net revenue of $276.0 million to $284.0 million and non-GAAP EPS of $0.16 to $0.20.
FY2025 (ending June 30, 2025) total net revenue guidance: $1,120.0 million to $1,138.0 million.
Extreme Networks reported first quarter fiscal 2025 results for the period ended September 30, 2024, with revenue of $269.2 million, down 23.8% from $353.1 million a year earlier but up 4.9% from the prior quarter. The company posted a GAAP net loss of $10.5 million, or $0.08 per share, compared with GAAP diluted earnings of $0.21 per share a year earlier. It guided to second quarter revenue of $273.0 million to $283.0 million and full fiscal 2025 revenue of $1,117.0 million to $1,137.0 million, which shareholders will weigh against the year-over-year decline.
Revenue was $269.2 million, down from $353.1 million a year earlier and up 4.9% sequentially
GAAP net loss was $10.5 million, or $0.08 per share; non-GAAP diluted EPS was $0.17 versus $0.35 a year earlier
Second quarter fiscal 2025 revenue guidance is $273.0 million to $283.0 million; non-GAAP EPS guidance is $0.16 to $0.20
Full fiscal 2025 revenue guidance is $1,117.0 million to $1,137.0 million
Extreme Networks reported fourth-quarter fiscal 2024 revenue of $256.7 million, down 29% from a year earlier, and a GAAP loss of $0.42 per share, compared with GAAP diluted earnings of $0.19 a year earlier. The company recorded a $46.5 million provision for excess and obsolete inventory and loss on supplier commitments in the quarter, and guided fiscal first-quarter 2025 revenue to $255.0 million to $265.0 million.
Fiscal Q4 2024 revenue $256.7 million, down 29% year over year; GAAP gross margin 44.7%, compared with 58.9% a year earlier
Fiscal year 2024 revenue $1,117.2 million, down 15%; GAAP loss of $0.65 per share versus diluted EPS of $0.58 in fiscal 2023
Excess and obsolete inventory and supplier commitment charge of $46.5 million in Q4 and $64.5 million for fiscal 2024; non-GAAP diluted EPS for fiscal 2024 was $0.32
Fiscal Q1 2025 guidance: revenue $255.0 million to $265.0 million; full fiscal 2025 revenue guidance $1,110.0 million to $1,135.0 million
Extreme Networks reported fiscal third-quarter 2024 results for the quarter ended March 31, 2024. Revenue fell 36.5% year over year to $211.0 million, and the company posted a GAAP net loss of $64.4 million, or $0.50 per diluted share, compared with earnings of $0.17 per share a year earlier. For shareholders, the sharp revenue decline and loss weigh on the results, though the company guided to sequential revenue growth of $250.0 million to $260.0 million for the fourth quarter.
Revenue was $211.0 million, down from $332.5 million a year earlier; SaaS ARR rose 38.0% to $162.0 million
GAAP net loss was $64.4 million ($0.50 per diluted share), versus net income of $22.1 million a year earlier
Quarter-end cash was $151.0 million; free cash flow was negative $73.6 million for the quarter
Fourth-quarter fiscal 2024 revenue guidance is $250.0 million to $260.0 million; GAAP EPS guidance is ($0.11) to ($0.05)
Extreme Networks reported fiscal second-quarter 2024 results for the quarter ended December 31, 2023, with revenue of $296.4 million, down 6.9% year-over-year, and GAAP diluted EPS of $0.03 versus $0.13 a year earlier. The company guided fiscal third-quarter revenue to $200.0 million to $210.0 million with a non-GAAP loss per share of $(0.22) to $(0.17), and said distributors and partners have lowered inventory purchases, which it expects to accelerate in the third quarter.
Q2 revenue $296.4 million, down from $318.3 million a year earlier; SaaS ARR $158.0 million, up 37.4%
Q2 GAAP diluted EPS $0.03 vs. $0.13 prior year; non-GAAP diluted EPS $0.24 vs. $0.27
Q3 fiscal 2024 guidance (quarter ending March 31, 2024): revenue $200.0 million to $210.0 million; non-GAAP EPS $(0.22) to $(0.17)
Q4 fiscal 2024 revenue target $265.0 million to $275.0 million
Effective January 8, 2024, Joe Vitalone ceased to serve as Chief Revenue Officer of Extreme Networks. He remains an employee in an advisory role but is no longer an executive officer. The filing gives no successor name, reasons for the change, or financial effects.
Joe Vitalone stepped down as Chief Revenue Officer effective January 8, 2024
He will remain an employee of the company in an advisory role
He is no longer an executive officer of Extreme Networks
The filing does not name a replacement or state the reason for the change
Extreme Networks said it now expects second-quarter revenue of approximately $294 million to $297 million, below its prior outlook of $312 million to $327 million. The company cited industry headwinds, including channel digestion and elongated sales cycles, and said multiple large deals pushed into future quarters. Full second-quarter results will be reported on January 31, 2024.
Q2 revenue now expected at approximately $294 million to $297 million, versus the prior outlook of $312 million to $327 million.
Gross margin expected toward the higher end of the prior guidance range; annualized subscription and support revenue expected at about $430 million, with 41% year-over-year subscription growth.
Ending cash balance for the quarter was $221.4 million, net of $25 million in share repurchases during the quarter.
Full second-quarter earnings will be reported January 31, 2024, with a webcast at 8:00 a.m. ET.
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